Written on April 19, 2022
NICO Life launches Kumudzi Diaspora Funeral Plan

NICO Life has launched a funeral policy targeting Malawians in Diaspora aptly named, Kumudzi Diaspora Funeral Plan as a way of easing the dignified repatriation and burial after the death of individuals living abroad.

The Kumudzi Funeral Plan will pay out a cash benefit between K1 million and K5 million for funeral expenses following consistent monthly premiums of K6,500 to K30,000.

NICO Life Chief Executive Officer, Eric Chapola, said the company strives to ease the pressure of all Malawians regardless of where they are in the world.

“We understand that the loss of a loved one is tough, and even more so when the death occurs outside Malawi. The Kumudzi Diaspora Funeral Cover ensures that your loved ones have a dignified funeral without the stress of funding,” Chapola said.

He added that the plan has been designed to be flexible enough for the benefit of those left behind.

“At NICO Life, we understand the need to lay loved ones to rest with dignity. We are prepared to shoulder  the burden of funeral expenses as you get the chance to pay your last respects with dignity,” he added. 

The Kumudzi Diaspora Funeral Plan will be available through, WiseChoice Insurance Agency, a digital online insurance agency.

WiseChoice’s Chief Executive, Mr. Benson Mapereka, applauded the development, adding that the policy will be of benefit to many.

“It is often heartbreaking to hear of the challenges associated with repatriation and burial when a death occurs outside one’s country. The Kumudzi Diaspora Funeral Plan has been introduced to ease those challenges”, Mapereka said.

The funeral plan accommodates up to 10 immediate and extended family members including the principal member. Premiums can be paid directly from oversees, through local banks and through money transfers.  

As one of the oldest life insurance providers in Malawi, NICO Life values the commitment it made to being reliable in easing the lives of its clients.  WiseChoice will also promote other NICO Life products digitally which will be available to Malawians living locally and internationally.

Related Articles

NICO supports PUSSAM training

NICO Group has donated K1,980,000.00 to Public Universities Staff Sports Association of Malawi (PUSSAM). The funds will go towards the association’s training sessions for its executive members. As a leading financial institution in Malawi, NICO Group believes in...

NICO DONATES MK10 MILLION TO MALAWI LIVERPOOL WELCOME TRUST

NICO Group has donated K10 million to the Malawi Liverpool Wellcome Trust to be channeled towards the purchase of personal protective equipment (PPE) for healthcare workers across the country. Speaking during the cheque presentation ceremony in Blantyre over the...

NICO CELEBRATES GOLDEN JUBILEE THROUGH GOLF

NICO Group held a golf tournament dubbed ‘The One Executive Golf  Challenge’ at Lilongwe Golf Club on Friday. The tournament, which attracted 36 prominent golfers in the country, was organized as part of Golden  Jubilee celebration activities. Vice President...

NICO SUPPORTS IPMM MEETING

NICO Group has donated K5 million to the Institute of People Management Malawi (IPMM) to go towards its annual lake conference. The three-day conference started yesterday in Mangochi District. It brings together human resource managers from public and private...